Where does he think all the government money comes from?
Private sector should foot climate bill, French finance minister says
Funding to combat climate change needs to come from the private sector as there is no more public financing available from France or other European Union countries, French Finance Minister Bruno le Maire said on Tuesday.
“We cannot afford to have such a level of public debt. So don’t count on more public effort or public funding,” he told a conference of the International Energy Agency.
Le Maire said France was already investing some 40 billion euros ($42.85 billion) per year to fight climate change by deploying renewable energies and investing in new technologies and new nuclear plants.
“I can tell you that there is no possibility for us to put much more money on the table. And all the 27 (EU) member states are in exactly the same situation because we had to spend so much public money to limit the consequences of the COVID crisis,” he said.
In other words, they pissed away the money the government forcibly takes from citizens. Do they have anything to really show for it?
Private institutions and banks will need incentives to accelerate the green energy transition and funding needs to also come at the EU level, he said, calling for a Capital Market Union (CMU) to be set up.
The CMU will really be a way for government extract more money from private companies, who will simply pass the costs on the consumers. What’s that saying from Margaret Thatcher “the great thing about socialism is that you eventually run out of other people’s money”? Doing Something about ‘climate change is great till you realize you need more and more money to make it look like you’re doing something, while, really, you’re just hooking up donors and friends, as well as other politicians. All at the expense of the voters. Who were stupid to vote these grifter cultists into office.
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